In related news:
U.S. stocks rally as oil drops to two-week lowsA two-week low is cause for investor enthusiasm? Cannibalism, indeed.
Wednesday August 25, 1:35 pm ET
By Mark Cotton
NEW YORK (CBS.MW) -- U.S. stocks gained ground in afternoon trading Wednesday, buoyed by fresh drop in oil prices to two-week lows.
Crude for October delivery fell as low as $44.08 per barrel intraday on the New York Mercantile Exchange after the latest industry data showed motor-fuel stocks either unchanged or higher on the previous week, confounding analyst estimates of a decline.
I wonder if gasoline will ever drop below $1/gallon again? And if it doesn't, will anyone really notice? Will $1.49/gallon be cheap enough to continue to look the other way? Cheap enough to still justify SUVs clogging city streets while hybrids remain out of reach for the average American?
Cheap enough to die for?
Perhaps prospective SUV buyers should have to serve a minimum of two years in the military before completing their purchase? Commit to voluntering one hour/week at a VA Hospital every time they fill up the tank?
Americans have a stunning capacity for adaptation; or resiliency, a word we NYers had drilled into our heads post-9/11. We had to be or else, you know, the terrorists would win.
Is it resiliency, though, or just apathy?